Worth claiming laptop repair on accidental damage insurance?

gendav

Has anyone ever had an 'incident' (where the claim gets looked into but the customer decides not to go ahead with the claim afterwards' on their record and did it affect the next years premium?

Sandtree

EdGasketTheSecond said:

No point having insurance if you don't claim. I'd say claim and be more careful in future. I doubt your insurance will go up by anything like £230.

The point of having insurance is to cover is to give you peace of mind that if your house burns down someone else is picking up the bill. Insurance becomes very expensive very quickly if you make a series of low value claims. A poster was here not long ago saying they’d made 3 freezer claims in 2.5 years each for circa £150 but now their premiums have more than doubled meaning the additional premium this year alone is more than the total claimed and they’ve another 3-5 years of hiked premiums to face.

Premium increases are proportional, generally speaking, so saying you doubt it will be close to £230 would require you to know if thats 100% of the OPs premiums or 10%. Without knowing that there is no way to say if the premium impact is going to be close. Also remember that the impact is up to 5 years so year 1 impact could be £100 and still the total additional premiums exceed £230 over the next few years.

The biggest issue is that the effect of claims compound each other so have one claim it may add £50 to your premium, have a second claim its more likely to be another £75+ rather than another £50.

EdGasketTheSecond

The insurance cover is accidental damage NOT house buildings so the house burning down is a red herring. Let me rephrase what I posted earlier then: there is no point having accidental damage insurance if you aren't going to claim on it.

Sandtree

EdGasketTheSecond said:

The insurance cover is accidental damage NOT house buildings so the house burning down is a red herring. Let me rephrase what I posted earlier then: there is no point having accidental damage insurance if you aren't going to claim on it.

There is no such thing as “accidental damage insurance”... accidental damage is a peril that can be insured as either part of your home buildings and/or home contents cover. If you want an example of a high value AD claim then its the person who drives their own car through their front wall or drills into the mains pipe in their kitchen.

Saying it can be very expensive to claim for little things is not the same as saying not to claim for anything. As already mentioned, the fundamental idea of insurance is that you exchange the risk of a big loss (eg major water damage from you accidentally drilling a pipe) for a certain small loss (ie the premium).